A massive company is now closing locations in Indiana after announcements were made of mass shutters due to a legal dispute.
Nearly 150 Pizza Hut locations are set to close due to an ongoing financial dispute with one of its major franchisees, EYM Group.
On Friday night, a total of 15 Pizza Hut restaurants in Indiana abruptly shut down, leaving employees and customers in shock.
However, the closures were part of a larger issue affecting another 129 locations across several states.
EYM Group, which operates 144 Pizza Hut restaurants across five states, is tied in a legal battle with the pizza chain over millions of dollars in unpaid bills.
EYM defaulted on a $3 million payment in 2022 and an additional $2.6 million in 2023, per court filings.
As a result, Pizza Hut filed a lawsuit on June 7, detailing its plans to take over the franchisee’s locations if debts went unpaid.
Indiana’s payments were due last Wednesday, June 12.
Two days later, when EYM failed to meet the deadline, 15 locations were closed.
The franchisee has attributed its financial struggles to corporate strategies, claiming Pizza Hut’s recent menu changes and promotions have failed to keep up with competitors, per the Daily Mail.
EYM’s lawsuit, filed in March, criticized the company for lackluster initiatives such as changing the cheese in its stuffed crust from mozzarella to cheddar and introducing unsuccessful appetizers like the Philly steak melt.
Which Pizza Hut locations closed in Indiana?
Below is a list of the Pizza Hut stores that shuttered in the state:
- 715 N Main St Crown Point Lake IN 46307
- 975 W Lincoln Hwy Schererville Lake IN 46375
- 1916 E. Commercial Ave. Lowell Lake IN 46356
- 250 W Ridge Rd Griffith Lake IN 46319
- 815 Ridge Rd Munster Lake IN 46321
- 75 Pine Lake Ave La Porte La Porte IN 46350
- 2510 Laporte Ave Valparaiso Porter IN 46383
- 6159 US Highway 6 Portage Porter IN 46368
- 5350 Franklin St Michigan City La Porte IN 46360
- 754 Indian Boundary Rd. #1 Chesterton Porter IN 46304
- 10889 Randolph St Crown Point Lake IN 46307
- 1501 W 81st Avenue Merrillville Lake IN 46410
- 7331 Indianapolis Blvd Hammond Lake IN 46323 E
- 7878 E Ridge Rd Hobart Lake IN 46342
- 13300 Lincoln Plaza Cedar Lake Lake IN 46303 E
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Also Read: An Unexpected Retailer Is Now Closing All Stores in Illinois
Other Economy News Today
An unexpected restaurant now abruptly closes 7 locations in one state after revealing plans to shutter a total of 36.
TGI Fridays is closing a total of seven restaurants in one state as part of the company’s ongoing growth strategy.
This comes after the chain abruptly closed 36 locations across 12 states in at the beginning of the year, per The-Sun.
The restaurant chain will pull the plug on seven locations across the state of New Jersey in the coming weeks.
Today, Fridays will welcome in famished diners at its location in Brick for the final time.
“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Weldon Spangler, CEO of TGI Fridays earlier this week.
“We are at the helm of a pivotal moment that will allow us to explore boundless advancement, expansion, and innovation to keep delivering ‘That Fridays Feeling’ that our fans know and love.”
Before the closures, TGI Fridays had about 270 US locations, according to the company’s website.
“As part of the store closures, TGI Fridays is offering more than 1,000 transfer opportunities, which represents over 80% of total impacted employees,” the company previously said in a statement.
“Our top priority has always been delivering a superior experience for each and every TGI Fridays guest, and we’ve identified opportunities to optimize and streamline our operations to ensure we are best positioned to meet – and exceed – on that brand promise,” said Ray Risley, US president and chief operating officer, in the release.
Eight other locations were sold to former CEO Ray Blanchette, a longtime stakeholder who will acquire the previously corporate-owned restaurants.
The sale comes as major changes have been made to the brand’s leadership, including the news of Weldon Spangler being made CEO.
“As we continue along our path of transformation to revitalize the Fridays brand and implement a long-term growth strategy, we see a bright future for TGI Fridays,” said Spangler in a statement.
Also Read: Retirees Will Now Receive More Money For Social Security
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